If you are looking to get ahead in the tech industry, it helps to know which markets are making the biggest waves. This is because by identifying where there is a massive demand for innovation or materials, you can potentially make a major difference. If you are curious about which industries to be on the lookout for, then you are definitely in the right place, as this guide has been created in order to outline the biggest ones. If you are interested in learning more, then it is recommended that you read the complete guide below.
Cloud Computing
Total Market Value: $274.79 billion
Whether it comes to the possibilities in file sharing, data exchange, data security, or communication, cloud computing is one of the most interesting developments in the tech and business world today. As a result of the possibilities that are around due to cloud computing, more and more businesses are moving here, helping to create a new tech-driven normal. It might be worth seeing how the cloud could be a great influence for your company.
Data Science
Total Market Value: $4.89 billion
Data has risen to be one of the most exciting markets in the world, especially given the fact that the amount that is around rises considerably each year. If you are looking for a position within the data science industry, it is worth bearing in mind that a lot of companies will not hire you unless you have a master’s degree in a related subject. That’s why it might be worthwhile for you to look around for a data science master online programtoday.
Mobile Applications
Total Market Value: $106.27 billion
Considering that basically everyone these days has a smartphone, there are a whole host of uses for mobile phone applications. In fact, these applications have become so embedded within people’s everyday life that they basically cannot consider life without them. That’s why it is so important to be aware of how the mobile application industry works, as well as ensure that your company has a mobile app version of whatever product it might be offering.
Anti-Virus Software
Total Market Value: $3.5 billion
Another important market that people need to be aware of in the tech industry is definitely that of anti-virus software. This is because any company, no matter how big or how small it may consider itself to be, could actually find itself at the mercy of hackers. It is a market that is worth quite a lot as a result of this fact, with companies willing to shell out large sums of money in order to keep themselves safe.
3D Printing
Total Market Value: $34.8 billion
Whether it comes to healthcare, automobile, defense, or aerospace solutions, 3D printing is already making a huge difference and is likely to change so many different manufacturing processes in the future. It is coming in particularly handy during the global supply chain crisis as a lot more products are currently able to be printed on-site, saving time and money for a variety of companies.
Smart Fitness
Total Market Value: $29.4 billion
Tracking software is a huge business in the fitness market. This is because people want to see if they are making 10,000 steps a day or burning the right number of calories in order to keep as fit as they possibly can. Whether it’s trackable software on their wearable watches or apps that they have on their phone, this is a market that has the potential to change people’s lives and is highly valued as a result.
Customer Relationship Management
Total Market Value: $41.93 billion
Many tech companies don’t want to just sell tech as a product; they want to sell tech as a service. As a result, the types of software that are used in customer relationship management products are only going to grow in sophistication, meaning that more and more people will be going into this type of industry in order to best facilitate that transaction.
Supply Chain and Logistics Management
Total Market Value: $31 billion
As the latest global supply chain has shown, there is a current crisis going on in terms of manufacturers and other industries attempting to be able to deliver products on time. That’s where the role of a supply chain and logistics manager comes in, as they have the necessary know-how to get those products delivered through levering the power of technology. It comes as no surprise that if you want to get into this industry, you can expect a highly reasonable salary.
Mobility
Total Market Value: $70 billion
The mobility market has come on leaps and bounds in recent years, especially when it comes to e-scooters, ride-share bikes, and other micro-mobility solutions. This is especially true in urban areas as planners figure out ways in which to solve what has been touted as the “problem of the last mile”, and e-scooters appear to be absolutely everywhere. Expect these types of easy-to-use, mobile-facilitated urban sharing platforms to become even more common in the future, especially as people across the world are urgently searching for ways to counteract the very real effects of the climate change crisis.
Deliveries
Total Market Value: $107.5 billion
Definitely exacerbated by the pandemic, it is likely that the delivery market is going to be one of the most important around in the next few years. As people choose the convenience of having groceries of all kinds delivered to them instead of having to go out to get them themselves, it is likely that this market will definitely grow with many different options available.
Conclusion
It has been the express aim of this guide to outline a few of the biggest markets in the tech industry and how they have made such an impact on the world as we know it. It is worth pointing out that this guide has only provided a small slither of the types of tech markets that you should definitely be on the lookout for.
